Frøy Havbruk has terminated the co-location agreement with Måsøval

In 2022, Måsøval and Frøy Havbruk (formerly Frøya Laks) entered into a cooperation agreement regarding the operation of Frøy Havbruk’s licensed biomass volume of 2,433 tonnes MAB. Since then, the parties have managed operations by co-locating Frøy Havbruk’s licensed volume at Måsøval’s sites in Production Area 6 (PO6). Value creation from production is shared via a profit-sharing model between Frøy Havbruk, as the license holder, and Måsøval, as the operator. A total of 2,915 GWT was harvested from Frøy Havbruk’s licenses in 2024, and 3,723 GWT was harvested in 2025.

Frøy Havbruk has now  terminated the co-location agreement. The agreement between the parties also governs the period following termination; the notice period extends until all fish currently at Måsøval’s sites have been harvested, with a maximum period of 18 months before Frøy Havbruk can withdraw its licenses. The final batch of smolt for Frøy’s licenses was stocked at the Heggeset site in week 36.